Case studies
Case study: Full refinance for a commercial property investment business
Background
• Existing lender unable to assist with a refinance
• Better rate, extended term and reduced security requirements secured
A commercial property investment business based in the South needed to refinance an existing cash flow loan after their current lender confirmed they could not assist, as the deal fell outside their lending policy. With a clear set of objectives around rate, term and security, the client needed a specialist who could find the right solution in the market.
Our Approach
The client was referred to Leonard Curtis by their existing commercial banking provider, who recognised the need for a specialist solution that sat outside their own lending policy. From the outset, it was clear this was a client with a strong proposition, and Leonard Curtis set about finding a funding structure that reflected that.
The funding team approached several lenders across the market to identify the right fit. The business had notable credentials, including a strong environmental profile, which proved to be a differentiating factor. A lender was identified who not only understood the deal but was genuinely attracted to the quality and ethos of the borrower, which helped Leonard Curtis achieve a swift approval.
With lender approval secured, Leonard Curtis was able to negotiate the terms with the lenders on the client's behalf. The result was a full refinance of the £1,100,000 loan on substantially improved terms: a reduced interest rate, an extended loan term, and a meaningful reduction in the security package required.
The revised security structure moved from the original arrangement to a debenture supported by a personal guarantee of £110,000 and £75,000 cash security. This represented a considerably lighter burden on the client and gave them greater flexibility going forward.
Throughout the process, Leonard Curtis maintained close communication with all parties to ensure the transaction progressed smoothly and that the client remained fully informed at every stage. The outcome delivered both immediate financial improvement and a stronger platform for the client's continued growth.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.